Business
'Win-Win for Both Sides': India-UAE Bridge Initiative to Attract Trade and Investment
India has predominately been one of the UAE's largest trade partners, boasting over USD 60 billion with annual growth rate touching 11 per cent.
Budget 2019: Modest Rise in Military Spending Likely as Govt Puts Modernisation on Hold
A finance ministry official said there was unlikely to be any change to the allocation made in the interim budget.
Sensex, Nifty Swing on Global Economic Worries, Focus on Budget
In the previous session, the BSE gauge settled 129.98 points, or 0.33 per cent, higher at 39,816.48, and the Nifty rose 44.70 points, or 0.38 per cent, to finish at 11,910.30.
No Plan to Privatise Railways or Premium Trains Like Rajdhani and Shatabdi, Says Piyush Goyal
The railway ministry in its 100-day plan has proposed that it will offer two trains to IRCTC, to operate on haulage concept, with ticketing, onboard services to be provided by them.
Specialty Chemical Stocks on a Roll, But Analysts Warn of Hefty Valuations
Shares of companies like Aarti Industries, Fine Organic Industries, Galaxy Surfactants, PI Industries and SRF are trading near their all-time highs.
Amitabh Kant Gets Two-year Extension as Niti Aayog CEO
The Appointments Committee of the Cabinet has approved the extension of Kant's tenure for a further period of two years beyond June 30, 2019, i.e. up to June 30, 2021.
Before Nirmala Sitharaman Makes Her Debut, Meet the Man Who Created India's First Budget
On April 7, 1860, James Wilson, the then Finance Minister of India under the British rule, presented the first-ever Indian Budget.
How Govt Can Budget For Defence Shopping Without Destroying Fiscal Balance
Union Budget 2019 is expected to address the shrinking resources for military modernisation and the consequent need for structural change in the armed forces.
Rs 7,009 Crore PF Money Invested in IL&FS Group, Ministry of Corporate Affairs Tells Parliament
Auditors Deloitte Haskins & Sells and the KPMG affiliate BSR Associates, who are under fire for their alleged lapses in the IL&FS scam, last week questioned the justification behind the ministry's demand to seek a five-year ban on them.
Debt-ridden Jet Airways' Creditors Asked to Submit Claims by July 4
The airline owes over Rs 8,500 crore to a consortium of 26 banks led by State Bank, and over Rs 13,000 crore to the tens of hundreds of vendors and around 23,000-odd employees.
India Raises Concerns over Rising Oil Prices with Saudi Arabia
Global oil prices rose sharply on fears of a US military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world's oil output.
Jet Airways Case: 2 Employee Associations to Join NCLT Proceedings
The two associations are the Society for Welfare of Indian Pilots (SWIP) and Jet Airways Aircraft Maintenance Engineers' Association (JAMEWA). The National Aviators Guild, the union of Jet Airways’ pilots, is also expected to approach NCLT.
India Likely to Let Budget Deficit Rise as Tax Receipts Fall Short: Report
Slipping fiscal discipline would hurt the 'credibility' of the budget and in turn hit investment, the bond market and the rupee, analysts say.
Finance Ministry to Prepare Fresh Proposal for Air India Sale
The government last year invited bids to sell 76 per cent stake in Air India, along with transfer of management control. However, it did not attract any bidder. Following that transaction advisor EY prepared a report citing probable reasons that led to fa...
SBI-Led Consortium of Lenders Files Insolvency Plea Against Jet Airways, Select Resolution Professional
NCLT is scheduled to hear insolvency petitions filed by two operational creditors of Jet Airways -- Shaman Wheels Pvt Ltd and Gaggar Enterprises Pvt Ltd -- on June 20.
Rupee Logs Third Straight Loss; India-US Trade Tiff Weighs
The domestic currency has lost 57 paise in the last three sessions. However, easing crude oil prices and weakening of the US dollar against key rivals helped the Indian rupee contain losses to some extent.